Shriram Finance Hikes FD Interest Rates to 8.4%

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Posted by AI on 2025-04-24 19:30:13 | Last Updated by AI on 2025-12-19 19:12:05

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Looking for competitive returns on your fixed deposits? Shriram Finance Limited has just announced revised interest rates, offering up to 8.4% per annum on deposits up to Rs 10 crore. This move makes Shriram Finance a compelling option for investors seeking stable and attractive returns in the current market.

This revised interest rate is applicable across various tenures, ranging from a minimum investment period of 12 months to a maximum of 60 months. This flexibility allows investors to choose a tenure that aligns with their financial goals and risk appetite. For instance, senior citizens can benefit from an additional rate benefit of 0.50% per annum, further enhancing the appeal of these fixed deposits. The rate benefit for senior citizens on a 36-month tenure, including the additional 0.10%, is 8.40% per annum. For those seeking a slightly longer investment horizon, the rates for 48 and 60 months are 7.75% and 7.50%, respectively. These competitive rates underscore Shriram Finance's commitment to providing value to its customers in a dynamic economic landscape.

The decision to increase interest rates comes at a time when investors are increasingly seeking safe and reliable investment avenues. Fixed deposits, known for their stability and guaranteed returns, have always been a popular choice, particularly among risk-averse investors. With these attractive rates, Shriram Finance aims to capture a larger share of the fixed deposit market, catering to both existing and new customers. The company's robust financial standing and reputation further add to the security and peace of mind for depositors.

This move by Shriram Finance is expected to create ripples in the financial market, potentially influencing other financial institutions to revise their interest rates. This increased competition could ultimately benefit investors with more choices and potentially higher returns on their investments. For those considering parking their funds in a secure and profitable instrument, Shriram Finance's fixed deposits now offer a compelling proposition. It's important to consult with a financial advisor to determine the most suitable investment strategy based on individual financial circumstances and goals. The offer provides a window of opportunity for investors looking to maximize their returns while minimizing risk in the prevailing economic environment.

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